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"The market fluctuates all the time," says the legendary investor Jim Rogers

When asked whether the best strategy is for the investors to hold cash, Jim Rogers says: "All investors, retail especially, should only invest in what they themselves know a lot about. If you cannot find something, you don't know something, keep cash. (There is) nothing wrong with cash. (It is) better to keep cash and just earn very small return than to lose five or 10 percent a year. Sitting in cash is not so bad, especially when people are losing money."